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Please complete requirement 2 as well Melon Court Supply had the following balances as of December 31, 2018: (Click the icon to view the balances.)
Please complete requirement 2 as well
Melon Court Supply had the following balances as of December 31, 2018: (Click the icon to view the balances.) Requirements 1. Calculate Melon Court Supply's debt ratio as of December 31, 2018 2. Calculate Melon Court Supply's interest coverage ratio for 2018. Round your answer to two decimal places. ..... Requirement 1. Calculate Melon Court Supply's debt ratio as of December 31, 2018. Select the formula and then enter the amounts to calculate the debt ratio for Melon Court. (Abbreviation used: EBIT = Earnings before interest and taxes. Enter the ratio as a decimal to two places, .XX.) Debt ratio Data table Total current assets $ 225.000 343.000 146,000 180.000 Total long-term assets Total current liabilities Total long-term liabilities Total stockholders' equity Earnings before interest and taxes ... Interest expense 242,000 38.930 22,900 Income tax expense 6,200 Net income ................... 9.830Step by Step Solution
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